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Bad bankers and objectionable oil

Mar. 31, 2000

It’s a deal only Goldmann-Sachs could love. Everyone’s favorite investment bankers have been getting busy with PetroChina, a subsidiary of the China National Petroleum Company.

The multinational scheme would not only construct a 7,000-mile pipeline from Tibet to Shanghai, but also lay off millions of CNPC workers and, according to the INTERNATIONAL CAMPAIGN FOR TIBET, support CNPC’s expansion in the Sudan, where it is apparently complicit in the killings of Sudanese Christians.

In a heroic effort, however, a coalition of Tibetan rights, environmental, anti-slavery, and labor groups have succeeded in partially thwarting this cross-border malfeasance. After the coalition persuaded investment giants to pass up the deal, Goldmann-Sachs has lowered its financing goal by nearly 75 percent. Naturally, more work needs to be done, so follow the link below to help out Tibetan freedom, Chinese workers, and Sudanese Christians all at the same time.

Read the INTERNATIONAL CAMPAIGN FOR TIBET story here.

KS

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This is no time to come up short. It's time to fight like hell, as our namesake would tell us to do, for a democracy where minority rule cannot impose an extreme agenda, where facts matter, and where accountability has a chance at the polls and in the press. If you value our reporting and you can right now, please help us dig out of the $100,000 hole we're starting our new budgeting cycle in with an always-needed and always-appreciated donation today.

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